Record $274.8 Million Level Set by MO PTAC Clients in Missouri for FY '07

Columbia, Mo., Jan. 7, 2008 — Business clients of the statewide Missouri Procurement Technical Assistance Centers (MO PTAC) have achieved a new 12-month level of business volume by reaching the $274.8 million mark in government contracts for fiscal year 2007, according to Morris Hudson, MO PTAC director based in Columbia. The procurement counseling service is part of the University of Missouri Extension’s Business Development Program.

"Our Missouri business clients have achieved a significant milestone by surpassing the $274.8 million mark in government procurement contracts for the past fiscal year that ended Sept. 30," says Hudson.

"MO PTAC procurement specialists around the state were instrumental in assisting their clients collectively reach this new level of business activity with federal, state and local government agencies."

The number of contracts awarded to MO PTAC clients, 1,991, was also a record. The previous best year for government contract volume by MO PTAC clients was FY 2006 when 1,416 contracts were awarded achieving a total of $185.8 million in contract value.

Government agencies awarding contracts include offices from the departments of Defense and Energy on the federal level, the departments of Corrections and Transportation at the state level, and numerous local government offices. Individual contract amounts to MO PTAC clients during FY 2007 ranged from several dollars to more than $20 million.

"The wide variation in contract amounts results from the broad array of goods and services required by the numerous government offices awarding contracts," says Hudson.

This story was featured in the January 2008 newsletter